BoC’s Macklem Downplays Fiscal Inflation Risks as Excess Supply Complicates Further Hikes

Bank of Canada Governor Tiff Macklem downplayed concerns that federal government spending is undermining inflation control, arguing that current fiscal policy is neither unsustainable nor working against the central bank’s objectives. Speaking before the House of Commons finance committee on Tuesday, ahead of the November 5 federal budget, Macklem explained that he generally comments on […] The post BoC’s Macklem Downplays Fiscal Inflation Risks as Excess Supply Complicates Further Hikes appeared first on ActionForex.